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Bloomberg with some comments on the Australian dollar
If you do not want to read further, Prez Trump will summarize all this in "Sad".
But if you want more:
Rabobank:
- tips 68 cents by the end of 2019
- "You are in a catastrophic loop Now that the Federal Reserve is finally on standby, the RBA can finally talk about the reduction – and it will do it."
- sees the RBA reduce by 100 basis points
HSBC:
- AUD at 66 cents by the end of 2019
- "What worries us about Australia is that the structure of their interest rates is lower than that of the United States, and we would say that the US profile is less risky
- You are paid less for antipodean and you run more risk. "
Morgan Stanley:
- AUD at 0.67 cent in Q2, end of year at 0.71
- "The markets currently predict a probability of about 50% of a reduction in the RBA rate over the next 12 months, which pretty much reflects the economic weakness
- Under this dynamic, we see a further decline in the Australian dollar. "
If you can stand it!
I will see myself outsideForexLive
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